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Stay Ahead of the Game With ADM (ADM) Q3 Earnings: Wall Street's Insights on Key Metrics
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The upcoming report from Archer Daniels Midland (ADM - Free Report) is expected to reveal quarterly earnings of $1.63 per share, indicating an increase of 77.2% compared to the year-ago period. Analysts forecast revenues of $22.67 billion, representing an increase of 11.3% year over year.
Over the last 30 days, there has been a downward revision of 6.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain ADM metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Carbohydrate Solutions' will reach $2.93 billion. The estimate points to a change of +7.2% from the year-ago quarter.
Analysts expect 'Revenues- Other Business' to come in at $108.14 million. The estimate suggests a change of -0.8% year over year.
According to the collective judgment of analysts, 'Revenues- Nutrition' should come in at $1.87 billion. The estimate suggests a change of -2.4% year over year.
The average prediction of analysts places 'Revenues- Ag Services and Oilseeds' at $17.76 billion. The estimate indicates a change of +13.8% from the prior-year quarter.
It is projected by analysts that the 'Processed volumes - Oilseeds' will reach 9120 thousands metric tons. Compared to the present estimate, the company reported 8803 thousands metric tons in the same quarter last year.
Analysts predict that the 'Segment Operating Profit- Carbohydrate Solutions- Total' will reach $382.71 million. Compared to the current estimate, the company reported $336.00 million in the same quarter of the previous year.
Analysts forecast 'Segment Operating Profit- Nutrition- Total' to reach $150.26 million. Compared to the current estimate, the company reported $130.00 million in the same quarter of the previous year.
The consensus estimate for 'Segment Operating Profit- Nutrition- Animal Nutrition' stands at $32.56 million. Compared to the present estimate, the company reported $34.00 million in the same quarter last year.
Analysts' assessment points toward 'Segment Operating Profit- Ag Services and Oilseeds- Total' reaching $868.86 million. Compared to the current estimate, the company reported $379.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment Operating Profit- Ag Services and Oilseeds- Ag Services' will likely reach $267.01 million. Compared to the current estimate, the company reported $190.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Operating Profit- Ag Services and Oilseeds- Crushing' of $307.81 million. Compared to the present estimate, the company reported $13.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Segment Operating Profit- Other Business' should arrive at $56.57 million. The estimate compares to the year-ago value of $55.00 million.
Shares of ADM have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #2 (Buy), ADM is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With ADM (ADM) Q3 Earnings: Wall Street's Insights on Key Metrics
The upcoming report from Archer Daniels Midland (ADM - Free Report) is expected to reveal quarterly earnings of $1.63 per share, indicating an increase of 77.2% compared to the year-ago period. Analysts forecast revenues of $22.67 billion, representing an increase of 11.3% year over year.
Over the last 30 days, there has been a downward revision of 6.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain ADM metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Carbohydrate Solutions' will reach $2.93 billion. The estimate points to a change of +7.2% from the year-ago quarter.
Analysts expect 'Revenues- Other Business' to come in at $108.14 million. The estimate suggests a change of -0.8% year over year.
According to the collective judgment of analysts, 'Revenues- Nutrition' should come in at $1.87 billion. The estimate suggests a change of -2.4% year over year.
The average prediction of analysts places 'Revenues- Ag Services and Oilseeds' at $17.76 billion. The estimate indicates a change of +13.8% from the prior-year quarter.
It is projected by analysts that the 'Processed volumes - Oilseeds' will reach 9120 thousands metric tons. Compared to the present estimate, the company reported 8803 thousands metric tons in the same quarter last year.
Analysts predict that the 'Segment Operating Profit- Carbohydrate Solutions- Total' will reach $382.71 million. Compared to the current estimate, the company reported $336.00 million in the same quarter of the previous year.
Analysts forecast 'Segment Operating Profit- Nutrition- Total' to reach $150.26 million. Compared to the current estimate, the company reported $130.00 million in the same quarter of the previous year.
The consensus estimate for 'Segment Operating Profit- Nutrition- Animal Nutrition' stands at $32.56 million. Compared to the present estimate, the company reported $34.00 million in the same quarter last year.
Analysts' assessment points toward 'Segment Operating Profit- Ag Services and Oilseeds- Total' reaching $868.86 million. Compared to the current estimate, the company reported $379.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment Operating Profit- Ag Services and Oilseeds- Ag Services' will likely reach $267.01 million. Compared to the current estimate, the company reported $190.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Operating Profit- Ag Services and Oilseeds- Crushing' of $307.81 million. Compared to the present estimate, the company reported $13.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Segment Operating Profit- Other Business' should arrive at $56.57 million. The estimate compares to the year-ago value of $55.00 million.
View all Key Company Metrics for ADM here>>>Shares of ADM have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #2 (Buy), ADM is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .